bookmark_borderPier 1 going out of business

Home furnishing retailer Pier 1 has announced it is going out of business and shuttering all 540 of its locations, with clearance sales beginning this weekend in stores and online.

It’s the latest and last step in a process that predates the covid-19 slowdown. Pier 1 announced in January that it would close as many as 450 locations, and filed for Chapter 11 bankruptcy protection a month later. It had hoped to find a buyer before the latest decision.